City Dubai Financial News

23.06 / 09:23

Adoption Tokens Forensic analysis can benefit from tokenization: World Token Summit panel

At the recent World Token Summit 2023 event held in Dubai, a panel discussed how the adoption of tokenization can be scaled further through various tools like address tracking and forensics analysis.

22.06 / 06:31

Fraud crypto news Capital Terraform Labs Will Prison fugitive Crypto fugitive Do Kwon sentenced to 4 months in prison for passport forgery

Terraform Labs, and one of his aides to four months in prison on charges of using fake passports. Kwon, 32, who was behind cryptocurrencies that suffered a multi-billion dollar crash last year, and his chief financial officer, identified only by his surname Han, were arrested at Podgorica Airport on March 23 after attempting to travel to Dubai with forged passports, reports Yonhap News Agency. The Basic Court in Podgorica announced on its website, it handed four-month prison terms to both. They denied the charges during previous hearings. Earlier this month, the court granted bail to both on the condition that they each pay 400,000 euros ($428,241) in bail money and are placed in confinement under police surveillance.

21.06 / 18:13

business Venture Capital Terra Luna Three Arrows Capital founders launch new VC fund

On June 21, OPNX exchange, a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed "3AC Ventures." According to developers, "the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future." OPNX was founded by Su Zhu and Kyle Davies, who co-founded the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC).

21.06 / 05:59

Blockchain Platform World Token Summit: Spearheading Dubai’s foray to become a global hub for crypto & blockchain activity

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

16.06 / 02:53

regulation Middle east OKX expansion Dubai's VARA approves OKX 'preparatory' license as part of exchange's expansion plans

The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.

16.06 / 02:42

regulation Terraform Labs Terra bail Extradition Do Kwon heading into extradition custody in Montenegro after receiving bail: Report

Terraform Labs co-founder Do Kwon will reportedly be taken into extradition custody in Montenegro, according to a report by the regional edition of Radio Free Europe (RFE). He also faces questions about ties to a local political figure.

16.06 / 02:03

Blockchain Technology Adoption exchanges FinTech ByBit plugs into ChatGPT for AI-powered trading tools

Cryptocurrency exchange ByBit will look to leverage artificial intelligence (AI) to provide a host of new trading tools and metrics for users through an integration with ChatGPT.

13.06 / 13:49

Telecom Giant Taiwan Mobile in Talks for Crypto Platform Investment

Telecommunications giant Taiwan Mobile is in talks with local crypto platforms about potential partnerships and even investment in one of the businesses.

12.06 / 16:47

Crypto Presale Wall Street Memes WSM Dubai Coin Blasts Up 2,000% Just Hours After Launch and Experts Say Wall Street Memes is the Next Crypto to Explode – How to Buy Early?

12.06 / 12:09

Binance Latin America coinbase Bitget Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown

In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchanges.

11.06 / 09:29

Three Arrows Capital Bali Founders of Collapsed Crypto Fund, Three Arrows Capital, Turn to Bali and Shrooms

The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year.

10.06 / 22:13

business Binance Latin America coinbase Latam crypto holders flock to Bitget following Binance, Coinbase suits

Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase.

07.06 / 01:27

Blockchain UPS Ethereum Platform 2024 Japanese Megabank Mitsubishi UFJ to Launch Stablecoin Issuance Platform in 2024

The Japanese banking giant Mitsubishi UFJ says it will launch a cross-chain stablecoin issuance and interoperability platform next year.

06.06 / 19:39

JPMorgan JPMorgan to use blockchain to settle US dollar forex trades in India hub

JPMorgan Chase & Co. has tied up with six Indian banks to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub. “We will be running a pilot project for the next few months as we need to analyze banks’ experience,” Kaustubh Kulkarni, senior country officer, India and vice chairman, Asia Pacific at JPMorgan, said in an interview.

06.06 / 18:00

business Blockchain Banks Dollar Indian JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.

06.06 / 01:03

Crypto Exchange Gate.io Exchange Threatens Legal Action Against Bankruptcy Rumor Spreaders

Major crypto exchange Gate.io has threatened to take legal measures against those spreading rumors of its possible bankruptcy.

01.06 / 19:35

Target Dash Binance regulation Zcash Monero Decred privacy coins Binance Targets Privacy Coins for Delisting in Four European Countries – What's Going On?

Binance, the world’s largest crypto exchange by trading volume, is planning to delist a number of privacy coins for users in Spain, France, Italy and Poland.

01.06 / 09:03

Blockchain regulation Crypto.com Crypto.com joins ranks of licensed payment institutions in Singapore

The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS).

01.06 / 07:07

business Adoption Crypto License Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license

The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE).

30.05 / 20:51

business Law Bitcoin Regulation exits regulatory Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’

Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.

28.05 / 02:33

MET Digital CEO coinbase RIG Coinbase Executives Visit UAE to Explore Potential for Crypto Operations

Executives from the US-based cryptocurrency exchange Coinbase, including CEO Brian Armstrong, have visited the United Arab Emirates (UAE) to explore the potential for crypto operations in the region. The visit comes as Coinbase seeks to expand its international presence and establish strategic hubs in key locations around the world.

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